Financial service group PPM America recently announced its promotion of Jim Young to chief investment officer.As CIO, Young will oversee all portfolio management, all public and fixed income functions, and will head the credit research group and structured finance teams. In addition, Young will continue to carry out his existing responsibilities as chairman of the firms credit approval committee.The companys management team relies on constant collaboration and an open exchange of ideas in order to achieve our mission, which is to be indispensable to our clients," said PPMAs President and CEO Leandra Kres. "Jim has been an integral member of the team for 11 years, and I am confident that his expanded responsibilities will allow him to have an even greater impact on the success of the organization going forward.Kres previously held the CIO position in addition to her executive responsibilities.PPMA manages approximately $78 billion in assets of mutual funds, unit trusts, and insurance companies. It is a subsidiary of Prudential plc, a company integrated in the United Kingdom.
-
The CFP Board promised to enhance its review processes after an investigation found major shortcomings. A new analysis of CFP data found that the problem has only gotten worse.
6h ago -
Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
July 16 -
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
July 16 -
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
July 16 -
The Treasury Department and the IRS will need to roll out guidance to explain the bill's newer provisions and how they differ from earlier tax legislation.
July 16 -
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
July 16